Identity Theft is when someone online takes another person’s personal information and uses it for their own gain.
Once someone has gained the personal information they are able to get ahold of more private things such as bank details, therefore leading in bank fraud etc. However, it isn’t always for something to do with money as some people use it so that they can commit cyber crimes, smuggle drugs or any other substances etc.
Although stopping identity theft isn’t something which is likely to happen, if the user were to protect their accounts by putting them onto private, they would be less likely to attract unwanted people. Also by watching what is posted is another major factor as this is what tends to give away the majority of the users information.